The rupee depicted slight variations in terms of the dollar on the money market on Tuesday in the process pf trading activity, dealers said.

In the third Asian trade, the Swiss franc held gains against the dollar on Tuesday as traders sought save-havens amid heightened anxiety about potential Iranian retaliation to a US drone strike that killed its most prominent military commander.

The yen, another safe-haven currency, pulled back from a three-month high versus the dollar, but sentiment remains fragile due to the increasing worries about armed conflict between the United States and Iran.

The dollar was trading against the Indian rupee at Rs 71.713, the greenback was available at 4.094 in terms of the Malaysian ringgit and the US currency was at 6.954 versus the Chinese yuan.

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Open Bid       Rs 155.00
Open Offer     Rs 155.30
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Bid Rate       Rs 155.01
Offer Rate     Rs 155.02
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The short supply phenomenon of the greenback prevailed for another day in the market which helped its further appreciation for buying and selling at Rs 155.15 and Rs 155.50 against the overnight closing rate of Rs 154.90 and Rs 155.30 respectively, local currency dealers said.

Similarly, the local currency also followed the suit in relation to the pound sterling that was bought and sold at Rs 203.00 and Rs 204.00 against the Monday's closing trend of Rs 202.55 and Rs 203.30 respectively, they added.

The dollar opened at Rs 155.50 (buying) and Rs 155.55 (selling) against last rate of Rs 155.45 (buying) and Rs 155.50 (selling).

It closed at Rs 155.50 (buying) and Rs 155.55 (selling).

The buying and selling rates of one tola of gold were Rs 91,200 (selling) and Rs 91,000 (buying) in the local Sarafa (gold) markets of Islamabad and Rawalpindi.